I've a client who is invoicing a bank in Germany for nearly a half million Euros. I am fairly happy that since the supply is deemed to be in the customers country that the customer will deal with vat via reverse charging. I think I need to get them to put the clients vat number on the invoice but does anyone know if theer is any additional wording to go on the invoice? I can't seem to find this info anywhere but I'm sure it's out there!! Don't want anything to go wrong on this especially since the amount is so high!
Also with the new rules for disclosing EC service sales as well as goods, does this go on the same EC Sales list? Do I need to request it or will it come when hmrc notice that the other boxes have been completed on the vat form?
Thanks
Rob
-- Edited by RobH on Wednesday 31st of March 2010 04:53:33 PM
It's my understanding that as long as both parties agree to the reverse charge then no specefic wording needs to go on the invoice.
From the 1st Jan 2010, supplies of services now need to be declared on an EC Sales List. You must notify HMRC that your client is making supplies of services to the EC and report this quarterly on form VAT 101. To obtain form VAT 101 (ESL) you need to contact the HMRC National Advice Service on 0845 010 9000. Of course the sale will also need to be included in both boxes 6 and 8 of the VAT return.
Hope this helps?
-- Edited by Dustin57 on Thursday 1st of April 2010 02:55:35 PM
__________________
"People who are exceptionally good in business arent so because of what they know but because of their insatiable need to know more"
I've just received the activation key to do the vat on-line so I was going to see if this would allow me to complete ESL online too.
I had heard somewhere that theer wa sa specific wording togo on the invoice but I can't find any reference to it anywhere, so you are probably right that it doesn't need to go on. Thanks again.
